The global market is tightening with three major liquefied natural gas (LNG) facilities offline in the United States and Australia, supporting a price rally that began last month as fundamentals started improving. 

The Sabine Pass and Cameron LNG terminals on the Gulf Coast, the two largest in the United States with a combined export capacity of nearly 8 Bcf/d, remained offline Friday with no clear timeline for restarting after Hurricane Laura hit late last month. Meanwhile, Chevron Corp. said Thursday it would delay the restart of Train 2 at its 2 Bcf/d Gorgon LNG plant in Australia by about a month because it needs more time to repair welding cracks discovered earlier this year. 

LNG sendout in Europe remains low, down 31% year/year, according to Schneider Electric, as the...